Selling your home in Arboleas: The essential guide

Image - Ayuntamiento Arboleas

Are you thinking of selling your home in Arboleas but have become overwhelmed with preparing documents, finding out how much your property is worth, the timeframe in which your property will sell and how to begin the process? Well, the Euro Weekly News has created this guide on the best way to sell your home in Arboleas, including the best people to help you on the journey to making your sale as smooth as possible.

This guide will show you the best way to sell your home in Arboleas, how to find out what your property is worth, the timeframe of selling your property and the documents you will need – as well as an all-important knowledgable estate agent to help you on your journey.


Estate Agents

Our recommendation

Dream Homes Almeria

Dream Homes Almeria are a local leading specialist in property marketing and sales. The owner, Andrea, and her family have lived in Arboleas for 18 years and during that time she has gained a wealth of experience and knowledge in the local property market. With hundreds of satisfied clients fulfilling their dreams to start a new life in the sun, Andrea now has a bilingual, hardworking and conscientious team who work from their prime location office in the heart of Arboleas. They can be found next door to Bar Palmeras, opposite the Rambla.

One of Andrea’s main objectives is looking at new ways to showcase the area and the beautiful properties available. Her team were the first in the area to use 3D virtual property tours which allows the viewer to see every aspect of a property from wherever they are in the world. Using a professional photographer with a top of the range camera this tour also produces the much sought after floor plan. This service proved invaluable during the Covid pandemic resulting in numerous sales.

Their latest and most innovative marketing tool is the mobile property APP. Again, the first in the area to utilise this, it can be downloaded to a mobile phone, IPAD, tablet or desktop and once there gives the buyer instant access to their website and updated alerts on new property listings, price reductions etc.

The property market has been booming for the last 6 months with more buyers than ever looking to purchase in the area. If you are looking for a forward-thinking, proactive agent with an excellent reputation and a passion for their business then get in touch with the team at Dream Homes Almeria. They are actively seeking more properties for sale for an ever-increasing database of cash buyers waiting.

Address: Avenida Almanzora, Edificio Atalaya 3, 04660, Arboleas, Almeria, Spain

Office telephone: +34 850 99 14 70

Mobile: +34 697 87 57 17

Local UK telephone: +44 113 868 0215

Email: [email protected]

Website: Click here

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What is the best way to sell a property in Arboleas?

Spain is one of the most popular places in the world for expats to buy property in and move to. Whether hankering for a second home in the sun or looking to escape to Spain’s sunny climes permanently, investing in property in Arboleas has proven to give an excellent return. 

Arboleas, a small town in Spain’s Almanzora valley, is nestled amongst olive groves and almond trees along the river of the same name. Like many other municipalities in the Almeria province, the international housing market is growing as Arboleas boasts more and more restaurants and shopping opportunities. 

However, like with most things in Spain, having a professional to guide you through the process is one of the most important things you can do when selling your home.

From dealing with the legalities to translating for you, showing potential buyers around the property, helping to ensure that your buyers are able to complete the transaction, and keeping your sale going within the time frame you want – a reputable estate agent is the absolute best way to ensure a smooth and stress-free sale.

Selling your home in Arboleas
Image – Ayuntamiento de Arboleas

What is my property worth in Arboleas?

Thanks to the recently constructed dual carriageway between Baza and Huercal Overa, Arboleas is quickly becoming a highly sought-after area. This makes now a great time to invest in a property. Although less developed than areas such as Costa del Sol, the Almeria province offers an authentic experience of the ‘real Spain’ to expats and potential buyers. 

Two-bedroom apartments usually start at around €60,000 on average, townhouses are around €90,000 on average and villas can be anywhere between €150,000 and  €250,000 on average, with higher prices for larger properties. 

Speak to Dream Homes Almeria to get an accurate valuation of your property and to move the sale of your home in Arboleas forward.

Image – Ayuntamiento de Arboleas

How quickly can you sell your property in Arboleas?

Spain’s housing market is currently booming and many homes are selling faster than they used to, meaning selling your home in Arboleas won’t take too long once you have found your buyer.

The paperwork and process can take some time, however, once these have been completed you can expect to sell your property within around three to four months depending on the property and your asking price. However, do leave room for a bit of negotiation.

Selling your home in Arboleas
Image – Ayuntamiento de Arboleas

What do you have to pay when selling a house in Arboleas?

1) Plusvalia – sellers have to pay a tax based on the incremental value of the land which the property occupies over the number of years you have been the owner.

2) Community Fees – Make sure your Community Fees are up to date. Usually, you will have to present a Community Certificate to the buyer when signing the Title Deed to prove this.

3) IBI and Utilities – make sure your utility bills are all paid up as these will need to be settled up to the date of sale. You will need to provide the original proof of payment when signing. Sellers have to pay the IBI or council tax for the whole year they are selling.

4) Mortgage Cancellation Fees – Your bank will probably have from a 0.5 per cent to 1 per cent cancellation charge for the balance of your outstanding mortgage.

5) Mortgage Cancellation and Registration Fees at the Notary – In addition to point 4) as the seller, you will have to make sure that your mortgage is cancelled at the Notary and Registry. This may cost anywhere from €600 to €1000 and is an amount that will probably be held by the solicitor to make sure that this is done.

6) Non-Resident Retention 3 per cent – If you are a not a resident of Spain, the buyer of your property will also have to retain 3 per cent of the sales price stated in the “Escritura” (Title Deed) to pay to the Spanish taxman (Hacienda) on your behalf towards your Capital Gains Tax. Fiscal residents do not have any retention made on them, however, they may have to pay tax on the sale the year after when filling in their tax returns.

7) Agents Commission – If you have used an agent to sell your property, you will also have to pay fees to the agent.

8) Legal fees – A good legal office will prepare utility contracts, community charges and “Suma” invoices, speak with the purchaser’s representatives and the Notary, book the Notary appointment and organise all of the related paperwork, go with the seller to the Notary and translate for them, calculate the 3 per cent retention, calculate and advice re Capital Gains Tax and give fiscal representation throughout the selling process.

Image – Pixabay

What documents do you need to sell a house in Arboleas?

There are lots of documents you need when selling a house in Spain. The best and safest way to make sure that you have everything in order is to sell through an experienced real estate agent who can help and give guidance through the whole process. Dream Homes Almeria is the best in the area to help you to organise the relevant paperwork and to help you on every step of your journey.

The main documents you need may include:

  • Preparation of utility contracts, community charge and “Suma” invoices.
  • Liaison throughout the transaction with representatives of the Buyer and Notary.
  • The organisation of the Notary appointment and all paperwork related to the sale.
  • Translation at the Notary.
  • Calculation of 3 per cent retention.
  • Calculation and advice regarding Capital Gains Tax.
  • Fiscal representation throughout the whole process.
  • Calculation of Goodwill and a letter of “Good Standing” with your community fees from the administration of your community.

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories. Remember, you can also follow us on Facebook and Instagram.

 
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Image - Annie Dabb
Written by

Annie Dabb

From Newcastle originally, Annie is based in Manchester and is a writer for the Euro Weekly News covering news and features. Got a story you want to share? Then get in touch at [email protected]

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